S&P 500 Price Analysis – January 12 S&P 500 alternates around 3801-3816 levels, up 0.19% intraday during early Tuesday, and fails to extend the prior day’s pullback from a recent high of 3831.4 level. The uncertainty over US President Donald Trump’s reign joins the coronavirus (COVID-19) woes to weigh on risks. Key levelsResistance Levels: 4000, […]
The rebound of the dollar continues today and remains stable at the beginning of the American session. The yen is the second largest. Markets are curtailing recent strong risk sentiment amid fears of near-term deterioration in the spread of coronavirus and restrictions. Commodity currencies tend to be the weakest right now, led by the Australian […]
EURUSD Price Analysis – January 11 The US Dollar upside correction is gaining traction with the EURUSD pair testing a low level at 1.2166 reflecting a loss of upside momentum as the market registers the lowest level in two weeks. The EURUSD pair has been plunging alongside with increase in US Yields. Key LevelsResistance Levels: […]
XAGUSD Price Analysis – January 11 Silver plunges to $24.34 level, down 1.25% during the early European session trading on Monday. The metal has been pressured for the last four days and is currently in a rebound from the $24.50 horizontal level. Meanwhile, a sustained downside breach will empower the sellers to increase pressure on […]
NEO Price Analysis – January 11 When the bears increase their momentum $19 support level may turn to a resistance level and the price will target $15 and $13 support levels. In case the dynamic support level prevents further price decrease, then, uptrend movement may continue and the price will be looking forward to $22, […]
GBPUSD Price Analysis – January 10 GBPUSD continues to grapple with upside momentum in a bid to recover the 1.3600 level while the pair underperformed in the prior week as England returned to a March 2020 style lockdown. The UK entered a harsh lockdown to prevent hospitals from collapsing due to the new virus strain. […]
GBPJPY Price Analysis – January 10 In the new week, GBPJPY is likely to retain its upside traction beyond the mid 140.00 level while endorsing positive price action. Earlier GBPJPY has been on the back foot with GBP struggling on lockdown concerns. Key LevelsResistance Levels: 145.00, 142.71, 141.21Support Levels: 139.47, 138.00, 137.00GBPJPY Long term Trend: […]
BNBUSD Price Analysis – January 08 Inability to break down the support level of $37, the bullish trend may continue to target the resistance levels at $41, $44, and $48. In case the sellers were able to push the price below the support level of $37 and the daily candlestick close below the level, then, […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishThe USD/JPY pair has been in a downward move since June. For the past two days, the Yen has been correcting upward against the downward move. If the Yen breaks the SMAs, the upward move will continue. The uptrend is […]
